International Energy Market Turbulence May Persist Long-Term, Green Electricity and Computing Power Synergy Concept Continues to Rise

On March 19, the concepts of green electricity and electricity calculation coordination continued to rise during trading, with Jinkai New Energy and Dongfang New Energy hitting the daily limit. Previously, Guangdong Electric Power A, Shao Neng Shares, Guang’an Aizhong, Huadian Liaoning, and others also hit the limit, with Jiawei New Energy rising over 10%.

According to Xinhua Finance, turbulence in the international energy market may persist for the long term. As the conflict between the US, Israel, and Iran continues, analysts and traders worldwide are increasingly seeing the possibility of long-term disruptions in the Strait of Hormuz supply, gradually adjusting risk pricing; additionally, the market believes current responses to long-term supply interruptions are limited, combined with increasingly evident speculative trading characteristics, further intensifying energy market volatility.

Furthermore, CCTV News reporters learned early on the 19th local time that Qatar’s Ras Laffan natural gas facility was again hit by missiles. Earlier that day, Iran announced that it had launched attacks on oil facilities in Gulf countries hosting Iranian enemies. Ras Laffan Industrial City is home to the world’s largest liquefied natural gas production facility.

Recently, due to turbulence in the global energy market, Cuba experienced nationwide power outages, and the Korean government raised the resource security crisis alert to level two.

According to Xinhua News Agency, on March 16, during a blackout in Havana, Cuba, vendors sold goods on the streets. The Cuban Electric Power Union reported on the 16th that the national power system experienced a total blackout, and recovery procedures have been initiated.

China News Service, citing Yonhap News Agency, reported that in the face of a real oil supply crisis, the South Korean government raised the resource security crisis alert from level one “Concern” to level two “Attention” at 3 p.m. on the 18th. After considering the severity of the crisis and its potential impact on citizens’ lives and the national economy, the government decided to activate the resource security crisis alert. The government will further expand oil supplies and tighten demand controls. Regarding supply, the government will announce specific plans for participating in the International Energy Agency’s reserve oil release this week, actively exercise priority purchase rights to acquire international oil reserves, and open new import channels outside the Strait of Hormuz. On the demand side, the government will cooperate with the Ministry of Climate, Energy, and Environment to implement mandatory energy-saving measures in the public sector and consider measures such as vehicle restrictions.

Kaiser Securities states that by 2026, the supply shock of green certificates will end, and combined with the formal inclusion of major energy-consuming units such as steel, cement, polysilicon, and new data centers at key nodes into green electricity consumption ratio assessments, the green certificate market is expected to become more active. New energy consumption models like direct green electricity connection and electricity calculation coordination are expected to create a second growth curve for operators. It is recommended to focus on A/H-share renewable energy power generation operators with excellent asset quality and stable profitability. Beneficiary targets include Longyuan Power (H), Xintian Green Energy (H), Datang New Energy (H), China Power (H), CGN New Energy (H), Zhejiang New Energy, Jiazhe New Energy, Energy-saving Wind Power, Three Gorges Energy, China Min Energy, Jiangsu New Energy, Jinko Solar, and others.